Proactiveinvestors Australia Bauxite Resources https://www.proactiveinvestors.com.au Proactiveinvestors Australia Bauxite Resources RSS feed en Tue, 16 Jul 2019 08:33:57 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Bauxite Resources Ltd adds lithium play in WA hotspot ]]> https://www.proactiveinvestors.com.au/companies/news/150182/bauxite-resources-ltd-adds-lithium-play-in-wa-hotspot-68805.html Bauxite Resources Ltd (ASX:BAU) has secured an exploration licence between Ravensthorpe and Esperance on ground that could be prosective for lithium, wedged between Pioneer Resources Ltd’s (ASX:PIO) recently pegged leases to the east and Metalicity Ltd’s (ASX:MCT) tenement to the west.

It is also 120 kilometres east of Galaxy Resources Ltd’s (ASX:GXY) Mt Cattlin Lithium Mine in Western Australia.

The company’s tenements have similarities to the nearby projects, with stream sediment sample taken in the south of the tenement by Geoscience Australia returning an elevated lithium value.

Publically available soil geochemistry sampling is limited within the tenement, but extensive soil geochemistry lithium anomalies exist along structural trends immediately adjacent to the tenement.

The company is currently assessing the project area and will soon outline an exploration program.

BAU had cash of $27.3 million as on 31 March 2016 and no debt, after selling its interest in the Bauxite Alumina Joint Ventures (BAJV) to Yankuang Resources Ltd for $7.15 million.

Last month, the company had proposed a capital return of $0.05 per share to shareholders, which will result in $10.7 million being returned to shareholders, leaving BAU with $16.6 million cash.

The company’s share price has increased about 25% since January 2016.

 

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Wed, 25 May 2016 12:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/150182/bauxite-resources-ltd-adds-lithium-play-in-wa-hotspot-68805.html
<![CDATA[News - Bauxite Resources to reveal corporate transaction ]]> https://www.proactiveinvestors.com.au/companies/news/150181/bauxite-resources-to-reveal-corporate-transaction-65210.html Bauxite Resources (ASX:BAU) has lifted the anticipation factor requesting a trading halt in relation to a proposed corporate transaction.

The company requested the halt in trading of its shares until 23 October.

BRL is involved in bauxite exploration in the Darling Range which is the largest bauxite and alumina producing region in the world. 

In tandem with its Joint Venture partners including Yankuang Resources and  with the Shandong Bureau of Geology and Mineral Exploration, BRL has identified 396.5 million tonnes of refinery grade bauxite.




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Wed, 21 Oct 2015 14:15:00 +1100 https://www.proactiveinvestors.com.au/companies/news/150181/bauxite-resources-to-reveal-corporate-transaction-65210.html
<![CDATA[News - Bauxite Resources establishes advisory group to progress Felicitas, Fortuna ]]> https://www.proactiveinvestors.com.au/companies/news/107378/bauxite-resources-establishes-advisory-group-to-progress-felicitas-fortuna-107378.html Bauxite Resources (ASX:BAU) has established the Bauxite Mining Community Advisory Group to facilitate formal community discussions in relation to the Felicitas and Fortuna bauxite projects in Western Australia’s Darling Range region.

Fortuna is fully owned by the company while Felicitas is being developed in conjunction with Yankuang Resources Pty Ltd (70%) under Bauxite Alumina Joint Ventures.

BAU recently completed a Scoping Study and is undertaking follow-up studies at Fortuna in relation to obtaining port access required for direct shipment of bauxite while the Felicitas is currently in feasibility stage.

Felicitas has a resource of approximately 230 million tonnes of bauxite while Fortuna has a resource of 40 million tonnes of bauxite.

Both projects offer significant benefits for the local community including local employment, opportunities for local businesses and suppliers.

Chief executive officer Peter Canterbury said the group’s formation was a positive initiative as BAU and BAJV relied on working with local communities to ensure sustainable outcomes, both during project design and later in operations.

“We are looking forward to working with the group so all parties are fully informed on the relevant aspects of the projects and the community has the opportunity to actively participate, ask questions and contribute in a meaningful way.


Bauxite Mining Community Advisory Group

The purpose of the Bauxite Mining Community Advisory Group is to facilitate formal community discussions, ensure a broad range of viewpoints are heard and enable community representatives to contribute to the Felicitas and Fortuna projects.

Leigh Hardingham has been appointed as the independent Chair to facilitate discussion and outcomes during meetings.

She has more than 30 years of experience managing social and economic development projects across the public and private sectors.

“A rigorous process has been undertaken to ensure a good cross section of community viewpoints are represented,” Hardingham said.

“The group’s formation is a positive initiative and allows BRL and BAJV to hear feedback that can be considered during the development of the mine.

“I believe the group are looking forward to coming together and being informed on the relevant aspects of the projects in development and into operations. It’s an opportunity to actively participate, ask questions and contribute in a meaningful way.”

Both the Felicitas and Fortuna projects will be subject to strict environmental and statutory regulations and both companies are committed to ensuring good outcomes.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 26 May 2015 08:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/107378/bauxite-resources-establishes-advisory-group-to-progress-felicitas-fortuna-107378.html
<![CDATA[Media files - Bauxite Resources' CEO Peter Canterbury speaks with Proactive Investors about the planned capital return and development opportunities ]]> https://www.proactiveinvestors.com.au/companies/stocktube/5627/bauxite-resources-ceo-peter-canterbury-speaks-with-proactive-investors-about-the-planned-capital-return-and-development-opportunities-424.html Mon, 23 Jun 2014 09:56:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/5627/bauxite-resources-ceo-peter-canterbury-speaks-with-proactive-investors-about-the-planned-capital-return-and-development-opportunities-424.html <![CDATA[News - Bauxite Resources' shareholders to get capital return ]]> https://www.proactiveinvestors.com.au/companies/news/150180/bauxite-resources-shareholders-to-get-capital-return-55648.html Bauxite Resources (ASX:BAU) will return $0.04 a share to shareholders by way of a capital return from its $42.1 million cash reserves as at 31 March 2014.

It is subject to shareholder approval but unlikely to brook any opposition.

Even after the capital return there would be a $31 million cash balance post capital return with no debt.

Which is sufficient for BRL to finance the development of its bauxite projects including the Fortuna deposit.  This is a development ranking project.

At the 100% owned Fortuna DSO bauxite project, the aim is to deliver a bauxite direct shipping (DSO) ore operation, which has a current resource of 39 million tonnes.

The current resource is located on two private landholdings 60 kilometres north east of Perth and 15 kilometres from existing rail infrastructure.

This is linked to the Kwinana port 120 kilometres away as well as the Bunbury Port approximately 250 kilometres away.

The Fortuna deposit is near surface and should be easy to mine. It is currently proposed that it will not require beneficiation and is located close to existing rail and port infrastructure.

Which should render Fortuna as a low capital expenditure start-up opportunity.

Resource upgrades over the past year at the Fortuna deposit along with a strengthening outlook for the bauxite market improves the project economics and therefore increases the likelihood of developing this resource.

The cash return is a positive for shareholders while enabling Fortuna to be developed given the strong market for bauxite at present.  We would expect BRL to firm today.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 17 Jun 2014 10:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/150180/bauxite-resources-shareholders-to-get-capital-return-55648.html
<![CDATA[Media files - Bauxite Resources' CEO Peter Canterbury speaks to Proactive Investors about resource growth and opportunities in China ]]> https://www.proactiveinvestors.com.au/companies/stocktube/5626/bauxite-resources-ceo-peter-canterbury-speaks-to-proactive-investors-about-resource-growth-and-opportunities-in-china-362.html Mon, 10 Feb 2014 15:23:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/5626/bauxite-resources-ceo-peter-canterbury-speaks-to-proactive-investors-about-resource-growth-and-opportunities-in-china-362.html <![CDATA[News - Bauxite Resources and Shandong make new discovery in Darling Range, Western Australia ]]> https://www.proactiveinvestors.com.au/companies/news/150179/bauxite-resources-and-shandong-make-new-discovery-in-darling-range-western-australia-51942.html Bauxite Resources (ASX: BAU) and China's Shandong Bureau have discovered significant bauxite mineralisation at their Darling Range tenements in Western Australia.

The new discovery named "Dionysus" bauxite project was made in the northern Darling Range, and on a number of properties in the Wandering - Pingelly region.

Which is timely, as the Indonesian Government is putting into place its ban on bauxite exports from Indonesia opening the way for other suppliers.

Placing Bauxite Resources as a potential viable supplier with existing infrastructure already in place at its tenements.

Vacuum drilling completed in December 2013 identified significant bauxite mineralisation on the new Dionysus project in the northern Darling Range, and on a number of properties in the eastern Darling Range.

Several significant intersections included 7 metres at 38.3% available alumina, 43.6% total alumina, and 2.9% reactive silica from 0.5 metres. Overburden was generally less than 2 metres.

The exploration project areas are contained within a joint venture between HD Mining & Investments, a wholly owned subsidiary of Shandong Bureau No.1 Institute for Prospecting of Geology & Minerals.

Of note is the fact that Bauxite Resources retains 100% rights to all other minerals discovered on the joint ventured properties.

The tenement holdings are privately held and located close to existing rail infrastructure.

So Darling Range bauxite could be expected to be highly sought after by Chinese refineries as a long term alternative supply source after Indonesian bauxite export bans became effective on 12th January.

If all of that isn't enough, there is around $42 million in cash in the bank against a market cap. of just $28 million.

Why is the share price out of kilter with the market cap.?  Stay tuned.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 16 Jan 2014 14:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/150179/bauxite-resources-and-shandong-make-new-discovery-in-darling-range-western-australia-51942.html
<![CDATA[News - Bauxite Resources increases Felicitas Resource in Western Australia ]]> https://www.proactiveinvestors.com.au/companies/news/150178/bauxite-resources-increases-felicitas-resource-in-western-australia-49561.html Bauxite Resources (ASX: BAU) has increased Resources at the Felicitas deposit in the Darling Range, Western Australia, to 218.7 million tonnes at 30.7% available AI2O3.

This is up from the previous 147.9Mt and has also increased its Bauxite Alumina Joint Ventures resource with China’s Yankuang Resources up to 327.2Mt, the largest resource in Australia outside current alumina producers.

Indicated and Measured Resources at Felicitas totals 157.2Mt.

The Resource is of sufficient scale to support a 1.25 million tonne per annum alumina refinery for nearly 50 years.

Felicitas is located about 60 kilometres northeast of Perth and within 5 kilometres of an existing rail link to Kwinana Port.

Further growth is expected in the near-term from a proposed drilling program.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 28 Oct 2013 15:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/150178/bauxite-resources-increases-felicitas-resource-in-western-australia-49561.html
<![CDATA[News - Bauxite Resources grows Fortuna deposit in the Darling Range of WA ]]> https://www.proactiveinvestors.com.au/companies/news/150177/bauxite-resources-grows-fortuna-deposit-in-the-darling-range-of-wa-47558.html Bauxite Resources (ASX: BAU) shares are set to rise today after increasing resources at its Fortuna bauxite deposit in the Darling Range, Western Australia by 47% to 39.5 million tonnes at 37.3% AI2O3.

This comes as Chinese bauxite demand increases to 95 million tonnes by 2022 from the 38Mt in 2012, according to estimates by marketing group CRU.

Fortuna is located on a small number of large private landholdings located about 60 kilometres northeast of Perth and 10 kilometres from the town of Wundowie.

Notably, it is just 12 kilometres from existing railway infrastructure that provides a link to Kwinana Port.

The company added it is very encourage by the low total SiO2 of 5.2% observed in the deposit, and plans to investigate the impact of high temperature digestion, and the resultant available alumina achieved.

Fortuna lies to the southeast of the 147.3Mt Felicitas resource, confirming the northern Darling Range as a significant bauxite province.

Bauxite Market

The bauxite market is in the midst of a structural change that will see a number of new entrants into the market in the next decade, in the form of junior miners, according to CRU.

Australia is expected to dominate the group and become the largest exporter of bauxite to the Chinese import bauxite market which CRU forecasts reach 60 million tonnes in 2013 and 95 million tonnes by 2022.

This is up from the 38 million tonnes imported into China in 2012.

Indonesia is also expected to prevent increases to exports of bauxite from the country, leading to a likely drop.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 04 Sep 2013 13:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/150177/bauxite-resources-grows-fortuna-deposit-in-the-darling-range-of-wa-47558.html
<![CDATA[News - Bauxite Resources' new chief executive officer takes the reins ]]> https://www.proactiveinvestors.com.au/companies/news/150176/bauxite-resources-new-chief-executive-officer-takes-the-reins-43500.html Bauxite Resources’ (ASX: BAU) new chief executive officer and executive director Peter Canterbury has commenced employment today.

Canterbury joins Bauxite Resources from Sundance Resources (ASX: SDL), where he had been the chief financial officer for the past six years.

He played a key role in rebuilding the company as acting chief executive following the tragic plane crash in June 2010 which claimed the lives of the CEO and the entire Board.

Between 2001 and 2007, Canterbury was the chief financial officer of Dadco Europe which owns the Stade Alumina refinery in Germany and a share in the CBG bauxite mine in Guinea.

During this time there he was responsible for finance, commerce and logistics. Earlier in his career he held several senior positions with Alcoa World Alumina in the finance, marketing and projects areas in Australia and overseas.

Canterbury will bring his finance, commercial and marketing experience in the alumina and bauxite industry to lead Bauxite through the next significant stage of its development, which is centred on commercialisation of exploration tenements and development of two Joint Venture projects.

The company had earlier this month defined an initial bauxite resource of 26.8 million tonnes for its Fortuna Project in the Darling Range of Western Australia, increasing its global bauxite Resource by 14% to 223.3 million tonnes.

The bauxite within the Fortuna Resource is up to 13 metres in thickness and the high available alumina to reactive silica ratio is considered desirable for alumina refining.

Another drilling campaign to test for additional resources at Fortuna is scheduled to begin in late May.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 20 May 2013 16:10:00 +1000 https://www.proactiveinvestors.com.au/companies/news/150176/bauxite-resources-new-chief-executive-officer-takes-the-reins-43500.html
<![CDATA[News - Bauxite Resources defines maiden resource for Fortuna in Western Australia ]]> https://www.proactiveinvestors.com.au/companies/news/150175/bauxite-resources-defines-maiden-resource-for-fortuna-in-western-australia-43076.html Bauxite Resources (ASX: BAU) has defined an initial bauxite resource of 26.8 million tonnes for its Fortuna Project in the Darling Range of Western Australia, increasing its global bauxite Resource by 14% to 223.3 million tonnes.

The resource is less than 15 kilometres from existing rail infrastructure providing a direct link to Fremantle/Kwinana Port around 120 kilometres away.

It also adjoins the Bauxite Alumina Joint Venture’s (30% Bauxite Resources, 70% Yankuang Group) Felicitas deposit which was recently upgraded to 127 million tonnes, including 33 million tonnes in the high confidence Measured category.

Combined resources of the two deposits are now in excess of 150 million tonnes, confirming the northern Darling Range as a significant bauxite province.

The Fortuna Resource stands at 26.8 million tonnes at 37.8% Al2O3 (total unbeneficiated), 29.2% Al2O3 (available) and 1.4% SiO2 (reactive).

This has increased the total resource for Bauxite Resources to 223.3 million tonnes at 39.8% Al2O3 (total unbeneficiated), 30.1% Al2O3 (available) and 2.5% SiO2 (reactive).

The bauxite within the Fortuna Resource is up to 13 metres in thickness and the high available alumina to reactive silica ratio is considered desirable for alumina refining.

Another drilling campaign to test for additional resources at Fortuna is scheduled to begin in late May.

Bauxite Resources is more than adequately funded to continue growing its bauxite resource base.

The company is trading well below cash backing with A$45 million, or $0.19 per share, in cash at the end of March 2013 and no debt compared to its market cap. of $27.1 million and share price of $0.115.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 09 May 2013 17:10:00 +1000 https://www.proactiveinvestors.com.au/companies/news/150175/bauxite-resources-defines-maiden-resource-for-fortuna-in-western-australia-43076.html
<![CDATA[News - Bauxite Resources intersects Bauxite upto 13.5m thickness at Fortuna prospect ]]> https://www.proactiveinvestors.com.au/companies/news/150174/bauxite-resources-intersects-bauxite-upto-135m-thickness-at-fortuna-prospect-41706.html Bauxite Resources (ASX:BAU) has encountered bauxite horizon over a 385 hectares area and up to 13.5 metres in thickness at its Fortuna prospect in northern Darling Range tenement in Western Australia.

The exploration program comprised 302 vertical holes drilled for 2,857 metres across an area of approximately 385 hectares at a nominal 160 metres by 80 metres drill pattern.

A preliminary review of the data shows that significant bauxite grades and thicknesses are present, with approximately 65% of the holes containing available alumina grades of greater than or equal to 25%, with at least 2 metre thickness, reactive silica less than 5%, and maximum strip ratio of 1:1.

There was also thin overburden cover of less than 2 metres throughout majority of the mineralisation area with potential for lower mining excavation costs.

The Fortuna project area lies adjacent to the 73.3 million tonnes Felicitas bauxite resource to which Bauxite Resources retains 30% beneficial interest.

The project represents the southern extension of the Felicitas resource, and remains open to the east and south and further drilling is planned to commence in the June quarter.

A resource estimation study will be undertaken by RPM Global and once geological modelling is completed BRL expects to receive a JORC classified resource estimate during the June quarter 2013.

The company had a cash in hand of $45.3 million as of quarter ending December 2012. Its share price at $0.11 is trading at a significant discount to cash-backing of $0.192.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 08 Apr 2013 11:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/150174/bauxite-resources-intersects-bauxite-upto-135m-thickness-at-fortuna-prospect-41706.html
<![CDATA[News - Bauxite Resources: new mineralisation builds on potential bauxite resource at Ceres ]]> https://www.proactiveinvestors.com.au/companies/news/150173/bauxite-resources-new-mineralisation-builds-on-potential-bauxite-resource-at-ceres-29129.html Bauxite Resources (ASX: BAU) has identified potential for a major bauxite resource at the company’s Ceres Prospect in Western Australia’s southwest.

A preliminary review of data collected in a 7,923.5 metre drilling program has been carried out, identifying thick, high grade bauxite close to the surface.

A bauxite horizon has been encountered over an area of 3,500 hectares, with seams up to 8 metres in thickness and at grades of up to 42.4% without beneficiation.

About 14% of holes drilled contained alumina grades of 25% or greater, in more than 2 metres thickness.

The mineralisation begins within 0.5 metres of the surface, with overburden of less than 2 metres throughout the majority of the mineralised area, reducing potential excavation costs.

Mineralisation identified on the private land has the potential to add to Bauxite Resources’ existing geological resources at Ceres. Importantly, the majority of the tenement area is untested for bauxite.

Bauxite Resources is aiming to define a JORC Resource in the June quarter of 2012, following the completion of geological modelling.

The 2011 drilling program focused on a number of large private landholdings which are located close to the Perth to Albany highway, and about 30 kilometres from existing heavy rail and associated infrastructure.



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Tue, 22 May 2012 12:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/150173/bauxite-resources-new-mineralisation-builds-on-potential-bauxite-resource-at-ceres-29129.html
<![CDATA[News - Bauxite Resources boosts bauxite JORC Resources by 53% to 51.2m tonnes ]]> https://www.proactiveinvestors.com.au/companies/news/150172/bauxite-resources-boosts-bauxite-jorc-resources-by-53-to-512m-tonnes--21482.html Bauxite Resources (ASX: BAU) has delivered a maiden Indicated and Inferred bauxite JORC Resource of 17.8 million tonnes at 41.2 % Total Alumina 29.9% Available Alumina and 3.8% Reactive Silica at its Cardea 3 deposit.

The deposit is within its northern Darling Range tenement area about 20 kilometres north west of Toodyay in Western Australia.

With the release of the maiden Cardea 3 resources the company's total bauxite Resources increased by 53% to 51.2 Mt at 41.1% Total Alumina, 30.1% Available Alumina 3.9% Reactive Silica.

Importantly, the new Cardea 3 resource is within 6 kilometres of existing rail infrastructure and 120 kilometres from the nearest bulk handling port.

Resource estimation for the several other prospects within the Northern Darling Range tenements is currently underway with substantial drilling results have yet to be modelled.

This maiden resource is contained within the Bauxite Alumina Joint Ventures (BAJV) area with Yankuang Resources Ltd, where the company holds a 30% beneficial interest in bauxite rights.

It is also within the Shandong Joint Venture area with Shandong #1 Bureau of Geology & Minerals Exploration, where Shandong can earn up to 60% of bauxite rights upon completion of certain milestones.

Significantly, the new Cardea 3 deposit shows the same characteristics as all of the Darling Range resources. The Darling Range produces 23% of the world’s alumina.

As it is a shallow deposit with the dominant mineral being gibbsite, mining costs would be relatively low and the bauxite produced would require a low temperature and relatively low cost refining process.

Further examination of all known bauxite resources using various cut off grades is planned as part of a larger program aimed at determining the potential economic value of each deposit as either refinery feed or direct export product.

The company expects further resource updates over the next 3-4 months.

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Wed, 02 Nov 2011 10:47:00 +1100 https://www.proactiveinvestors.com.au/companies/news/150172/bauxite-resources-boosts-bauxite-jorc-resources-by-53-to-512m-tonnes--21482.html
<![CDATA[News - Bauxite Resources, Yankuang one step closer to Western Australian alumina refinery decision ]]> https://www.proactiveinvestors.com.au/companies/news/150171/bauxite-resources-yankuang-one-step-closer-to-western-australian-alumina-refinery-decision-21164.html Bauxite Resources (ASX: BAU) has completed Phase 1 of the Bauxite Alumina Joint Ventures Study for the development of an alumina refinery in the south west of Western Australia.

Further assay and resource modelling for northern tenements will be completed over the next 3-6 months.

Bauxite Resources and Yankuang Resources established two joint ventures on April 1, 2011, the Bauxite Resource Joint Venture and the Alumina Refinery Joint Venture.

Both of these joint ventures are managed by jointly owned company Bauxite Alumina Joint Ventures.

Phase 1 of the study involved obtaining sufficient geological data in the joint venture’s northern tenement to provide information for making decisions about the refinery.

An internal draft refinery scoping study and a series of financial models have been completed, to contribute to Phase 2, which will focus on geological exploration in the southern tenements.

Phase 2 will aim to gain sufficient data to assess the merits of a refinery located in the northern or southern areas.

This comparison will look at:
-    the likely quality and location of bauxite sources in each region
-    the metallurgical variability of the different bauxite and mineralogy profiles
-    the preferred bauxite/alumina process path
-    environmental and social issues
-    infrastructure requirements
-    economics

With Phase 1 of the joint venture now complete, the Bauxite Alumina Joint Venture will operate separately from the parent companies, with an independent general manager to be appointed.

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Tue, 25 Oct 2011 15:32:00 +1100 https://www.proactiveinvestors.com.au/companies/news/150171/bauxite-resources-yankuang-one-step-closer-to-western-australian-alumina-refinery-decision-21164.html
<![CDATA[News - Bauxite Resources lifts bauxite resource by 35% to 33m tonnes at North Darling Range ]]> https://www.proactiveinvestors.com.au/companies/news/150170/bauxite-resources-lifts-bauxite-resource-by-35-to-33m-tonnes-at-north-darling-range--18839.html Bauxite Resources (ASX: BAU) has upped the the bauxite resource base in the North Darling Range area to 33.4 million tonnes at 41.1% total alumina as a result of resource modelling on drilling at the Cardea and Minerva prospects.

This has led to a maiden Inferred Resource of 6.4 million tonnes at Cardea prospect, with a further 2.2 million tonnes maiden Inferred Resource for the Minerva prospect.

The Minerva area comes under the Bauxite Resource Joint Venture with Yankuang Group.

Bauxite Resources will retain a 30% bauxite interest, while the Cardea prospect is subject to a Farm In and Joint Venture Agreement between Bauxite Resources and HD Mining & Investment Pty Ltd (Shandong Provincial Bureau of Geology and Mineral Resources).  Shandong can earn up to a 60% interest at the completion of certain milestones.

Resource modelling for Minerva and Cardea were conducted by Snowden Mining Industry Consultants Pty Ltd, and all results supersede previous resources announced by the Company.

Stage 3 of the Cardea resource is currently being modelled and two additional prospects, Pomona and Concordia, have been identified. First pass drilling is complete on several properties within these new prospect areas.

Resource modelling is planned for the second half of calendar year 2011 once all results have been returned from these prospects.

The Company is reviewing all resources for various cut-off grades with the objective of optimising the quality of potential refinery feed and assessing Direct Shipping Ore (DSO) potential. This forms part of the refinery scoping study that is underway,

North Darling Range Global Resource

The Company is building on the robust resource base in the North Darling Range with the addition of the two resource areas. Drilling is ongoing across selected tenements within the 49 tenements granted to date in the Darling Range.

The Darling Range in the south west of Western Australia produces 23% of the world’s alumina. This area has mined bauxite and refined alumina since the 1960s and currently exports 12.3Mtpa earning West Australia $3.6 billion in export revenue and accounting for 5% of the State’s total export income.

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Mon, 22 Aug 2011 12:14:00 +1000 https://www.proactiveinvestors.com.au/companies/news/150170/bauxite-resources-lifts-bauxite-resource-by-35-to-33m-tonnes-at-north-darling-range--18839.html
<![CDATA[News - Bauxite Resources receives A$9m from Yankuang Group, boosts cash position to $50m ]]> https://www.proactiveinvestors.com.au/companies/news/150169/bauxite-resources-receives-a9m-from-yankuang-group-boosts-cash-position-to-50m-17146.html Bauxite Resources (ASX: BAU) has received a $9 million reimbursement from joint venture partner Yankuang Group Corporation in accordance with bauxite refinery and bauxite resource agreements signed in January this year.

The payment to Bauxite Resources covers three separate reimbursable amounts due in the June quarter. The final reimbursement will give Yankuang a 70% stake in the bauxite rights for the joint venture tenements, both pending and granted, held by Bauxite Resources in the Darling Range of Western Australia.

Bauxite Resources’ cash position after the reimbursement is around $50 million with a further $10 million in property and fixed assets, providing the company with a strong cash position in the short term alongside the continuing reduction in company expenditures as it works towards joint venture goals.

Joint venture expenditure contributions from April 1 2011 onwards will be 70:30 under the Bauxite Resource Joint Venture that includes exploration and access expenditure.

Also included is a 90% expenditure under the Alumina Refinery Joint Venture by Yankuang, which is primarily on refinery feasibility studies, that also includes 91% of refinery construction costs.

The Darling Range tenements host a JORC Indicated and Inferred Resource of 15.1 million tonnes at 31.2% alumina and 3.9% silica.

The joint venture’s contractual target is to achieve a 90 million tonne resource within the 2013 calendar year. Additional Resources within the tenements are currently being modelled.

The joint venture with China-based Yankuang Group gives Bauxite Resources further access to an alumina market in China that consumed 17,490kt of alumina last year.

Alumina is used to build houses and automobiles, both of which China are increasingly building with auto sales up 13.8% in January this year and the country building 10 million affordable housing units in 2011.

Yankuang holds total assets of A$18 billion with its main businesses in coal mining, coal-based chemicals, machinery manufacturing, electricity generation and aluminium.

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Wed, 15 Jun 2011 14:03:00 +1000 https://www.proactiveinvestors.com.au/companies/news/150169/bauxite-resources-receives-a9m-from-yankuang-group-boosts-cash-position-to-50m-17146.html
<![CDATA[News - Bauxite Resources 32% share jump prompts ASX price and volume query ]]> https://www.proactiveinvestors.com.au/companies/news/150168/bauxite-resources-32-share-jump-prompts-asx-price-and-volume-query-13863.html Bauxite Resources (ASX: BAU) received a price and volume 'please explain' from the ASX after a 32% rise in its share price to $0.35 in intra-day trading yesterday, up from $0.265 on the previous trading day.

The company said it is not aware of any information that has not been announced which could explain the sudden interest, but did however state:

'The company is of the view that it has made a number of positive announcemnets over the last month including; the commencement of new CEO and executive director Scott Donaldson, the appointment of John Silby as a non-executive director and the execution of detailed joint venture agreements with Yuangkuang Corporation.'

On January 25 Bauxite Resources and Chinese partner Yankuang Corporation formed a joint venture company to mine bauxite and construct and operate an alumina refinery in Western Australia.

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Fri, 11 Feb 2011 13:49:00 +1100 https://www.proactiveinvestors.com.au/companies/news/150168/bauxite-resources-32-share-jump-prompts-asx-price-and-volume-query-13863.html
<![CDATA[News - Bauxite Resources forms JV with China to build alumina refinery in WA ]]> https://www.proactiveinvestors.com.au/companies/news/150167/bauxite-resources-forms-jv-with-china-to-build-alumina-refinery-in-wa-13380.html Bauxite Resources (ASX: BAU) and Chinese partner Yankuang Corporation have formed a joint venture company to mine bauxite and construct and operate an alumina refinery in Western Australia.

Ten detailed agreements have been signed by the Bauxite Resource Joint Venture to refine Darling Range bauxite into alumina.

The proposed refinery would produce 1.1 million tonnes per annum (Mtpa) of alumina and refine 3.5Mtpa of Darling Range bauxite.

Yankuang will pay 91% of the refinery construction cost and receive 70% of the alumina product, subject to all necessary approvals and the decision by the parties to proceed under the Bankable Feasibility Study.

Bauxite Resources will fund 9% of the refinery construction cost and receive 30% of the alumina product.

Work towards site selection for the refinery will commence immediately.

Shareholders voted in favour of the agreement at the Annual General Meeting on 25 November 2010. The agreement is subject to the Australian Foreign Investment Review Board.

Yankuang Corporation is based in Zhoucheng, China, and has coal mining, coal-based chemicals, machinery manufacturing, electricity generation and aluminium as its main businesses.

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Tue, 25 Jan 2011 15:15:00 +1100 https://www.proactiveinvestors.com.au/companies/news/150167/bauxite-resources-forms-jv-with-china-to-build-alumina-refinery-in-wa-13380.html
<![CDATA[News - Bauxite Resources points to investor presentations for sudden interest ]]> https://www.proactiveinvestors.com.au/companies/news/150166/bauxite-resources-points-to-investor-presentations-for-sudden-interest-11027.html A share price spike to $0.27 intra-day today from $0.17 yesterday prompted the ASX to ask if Bauxite Resources (ASX: BAU) was aware of any material information that has not been announced, which Bauxite replied no, but did point to a couple of other explanations.

Bauxite said that some recent investor presentations about the stock may have generated interest, as well as a substantial reduction in expenditure to participate in a potential alumina refinery.

The shares subsequently eased by the close, although the stock was still up 36% to $0.245 on the day.

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Thu, 21 Oct 2010 13:47:00 +1100 https://www.proactiveinvestors.com.au/companies/news/150166/bauxite-resources-points-to-investor-presentations-for-sudden-interest-11027.html
<![CDATA[News - Bauxite Resources requires Public Environmental Review at North Bindoon ]]> https://www.proactiveinvestors.com.au/companies/news/150165/bauxite-resources-requires-public-environmental-review-at-north-bindoon-9968.html Bauxite Resources (ASX: BAU) has received notice from the Environmental Protection Authority that its level of assessment for the proposed 2Mtpa mining operation at its North Bindoon Project in Western Australia, will require assessment via a Public Environmental Review.

Barry Carbon, chairman and acting CEO, said, "the EPA's determination of the level of assessment is in line with our expectations and gives the Company great certainty in the development of our long-term mining plans."

“As part of the referral BRL (Bauxite) recommended to the EPA that environmental assessment be through a public process, including public discussion of the scope of the assessment, and we now look forward to working closely with the local community to ensure we develop our project in consultation with the community.”

The bauxitic ore to be extracted under this proposal will either be sold for export as direct shipping ore or sold locally as other products including gravel.

Following crushing and screening, export-quality ore will be trucked along state highways and major transport routes to the Kwinana port for export, with non export-quality material including gravel available to local and regional commercial operations.

Bauxite earlier this year completed its trial shipments from Stephens Road, North Bindoon, consisting of 128,000 tonnes, and the trial area has now been rehabilitated and reseeded with pasture species as per the landholder’s requirements.

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Mon, 13 Sep 2010 09:53:00 +1000 https://www.proactiveinvestors.com.au/companies/news/150165/bauxite-resources-requires-public-environmental-review-at-north-bindoon-9968.html
<![CDATA[News - High grade bauxite found at Bauxite Resource's Darling Range project ]]> https://www.proactiveinvestors.com.au/companies/news/150164/high-grade-bauxite-found-at-bauxite-resources-darling-range-project-0690.html Bauxite Resources (ASX:BAU) has announced the results of recent drilling activities at its North and South Darling Ranges Bauxite Projects in Western Australia.

Assays have returned excellent grades and widths of mineralisation from the first 113 holes, providing further support for the Company’s objective of developing a high‐grade Direct Shipping Ore (DSO) bauxite export business later this year.

Drilling in the Brunswick Junction region confirmed continuity of high‐grade mineralisation including intersections including: 5m at 34.8% Available Al2O3, 2.6% Reactive SiO2 and 4m at 35.2% Available Al2O3, 2.8% Reactive SiO2. Regional scout drilling at the Shenton Ridge and Martin Road prospects delineated targets for systematic pattern drilling.  Better intersections included: 3m at 30.7% Available Al2O3, 2.7% Reactive SiO2; and 3m at 33.3% Available Al2O3, 4.2% Reactive SiO2.  Drilling in the Bindoon region intersects thick blankets of bauxite mineralisation including: 6m at 31.6% Available Al2O3, 2.7% Reactive SiO2; and 5m at 34.6% Available Al2O3, 3.0% Reactive SiO2.

Together these areas underlie part of BRL’s extensive 11,000km² tenement holdings in the Darling Ranges, located east of Perth in Western Australia. The objective of the drilling programme in the Brunswick Junction and Bindoon regions is to confirm historical drill results, determine the significance of mineralisation present and obtain samples for mineralogical characteristics studies.

Bauxite Resource's Managing Director, Mr Daniel Tenardi, said: “If you take into account the recent signing of MOU’s with Chinese interests and our recently announced 18.2Mt Inferred Resource, we are now clearly gathering significant momentum towards our goal of becoming a bauxite producer this year, with these drilling results giving us a strong platform on which to define further high‐grade resources.”

“We are now entering a critical time in our short history and the next few months will be very active in terms of ramping up feasibility studies, increasing knowledge of the resource base and securing infrastructure arrangements that are crucial to getting the project up and running this year,” he added.

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Tue, 20 Jan 2009 00:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/150164/high-grade-bauxite-found-at-bauxite-resources-darling-range-project-0690.html
<![CDATA[News - Bauxite Resources MOU - Shandong Province needs Australian Minerals ]]> https://www.proactiveinvestors.com.au/companies/news/150163/bauxite-resources-mou-shandong-province-needs-australian-minerals-0415.html Bauxite Resources Limited, (ASX: BAU) has signed a Memorandum of Understanding (MOU) with the Chinese‐based Shandong Provincial Bureau of Geology and Mineral Resources (“SDGM”).

Bauxite Resources would contribute its knowledge, expertise and experience together with access to its 54 Exploration Licences (ELs) in the Darling Range covering approximately 11,000 square kilometres and databases of historical workings, while SDGM would pay for and carry out its own drilling and exploration in return for earning an interest in all mineral resources discovered other than bauxite, of which BRL retains exclusive rights.

Chinese based Shandong Provincial Bureau of Geology and Mineral Resources (“SDGM”) have a State sanctioned mandate to actively source a variety of minerals throughout the world to support China’s, and in particular the Shandong Provinces industries and economic growth.

The MOU essentially provides both parties with the framework to work together over the next three months to ascertain whether an agreement can be reached as to the suitable terms for a ‘farm in’ type arrangement.

Ms Zheng Jinlan, Director-General of Shandong Bureau of Geology & Minerals, said, “As one of the fastest growing economies in China, Shandong Province has an enormous requirement for minerals to support its increasing strong economy."

“One of the missions for this Bureau is to help find resources overseas for the factories in our province, including steel mills and alumina refineries. We have actually formed strong alliances with these companies and through this kind of alliance; we are able to raise funds for the future development of the resources we have found. Hence a win‐win situation for all parties,” said Ms Zheng.

Earlier MOU signed by Bauxite Resources 

Earlier this month Bauxite Resources signed an MOU with Chinese alumina producer Shanxi Wusheng Aluminium Company for the supply of up to 2.8 million tonnes per annum of Direct Shipping Ore (DSO) bauxite.

Bauxite is targeting a resource definition that will support an initial >2Mtpa DSO bauxite project in the highly prospective Darling Ranges, Western Australia.  Darling Ranges is the largest producing alumina region in the world. This area supplies approximately 17.5% of the world’s alumina and is home to Alcoa’s (NYSE:AA) Huntly Mine, the largest producing bauxite mine in the world and the Pinjara Refinery the second largest refinery in the world.

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Wed, 19 Nov 2008 00:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/150163/bauxite-resources-mou-shandong-province-needs-australian-minerals-0415.html